aurora cannabis

Canadian pension fund unloads some cannabis shares, adds Aphria

Published February 24, 2021 | By Matt Lamers

A large Canadian pension manager unloaded some marijuana investments over the past couple of years while raising its holdings in licensed producers Aphria and Aurora Cannabis, according to regulatory filings with the U.S. Securities and Exchange Commission. Public Sector Pension Investment Board (PSP) filings show that the pension manager did not shy away from adding […]

Aurora says its Danish cannabis has reached German pharmacies

Published February 23, 2021 | By Matt Lamers

A subsidiary of Canada’s Aurora Cannabis says its “made in Denmark” medical cannabis products have reached some Germany pharmacies for the first time – a milestone that was years in the making. The German distribution comes before the products have been cleared by authorities for sale in Denmark, where the medicine is produced. It’s the […]

Green Organic Dutchman weighs sale of cannabis greenhouse in Quebec

Published February 22, 2021 | By Matt Lamers

The Green Organic Dutchman is considering the sale of its mammoth cannabis greenhouse in Salaberry-de-Valleyfield, Quebec, only about two months after the Mississauga, Ontario-based licensed producer increased its stake in the property to 100%. “Multiple bids are being considered, and the transaction could result in a complete or partial sale of the site,” the company […]

Aurora reports lower sales of adult-use cannabis

Published February 11, 2021

Aurora Cannabis sold less adult-use marijuana in its second quarter of 2021 compared to the previous quarter, but that was partially offset by growing revenue from its medical business, the Alberta-based company reported Thursday. Recreational cannabis net revenue was 28.6 million Canadian dollars ($22.5 million) for the quarter ended Dec. 31, 2020, 17% lower than […]

Aurora Cannabis inks deal to supply Australia market

Published January 28, 2021

Canada’s Aurora Cannabis signed a five-year supply agreement with MedReleaf Australia, the Alberta-based company announced. The deal makes MedReleaf Australia the exclusive supplier of the Canadian producer’s MedReleaf, CanniMed and Aurora brands. The cannabis will be cultivated at Aurora’s European Union-Good Manufacturing Practice-certified facility in Canada, Vice President of Communications Michelle Lefler told Marijuana Business […]

Aurora Cannabis raising $125 million with eye on reducing debt

Published January 22, 2021

Aurora Cannabis is raising $125 million via a stock-purchase deal to finance general corporate activities, which might include “opportunistically reducing debt,” the Alberta company announced. Aurora said in a news release that it entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and ATB Capital Markets. The underwriters agreed to […]

Canada’s ‘croptober’ surge pushes cannabis inventory over 1 million kilograms

Published January 20, 2021 | By Matt Lamers

Canadian licensed producers added a record 220,461 kilograms of marijuana to their inventories in October 2020, according to new data offering a statistical glimpse of the country’s first large-scale “croptober” – when most of the fall outdoor harvest comes in. The 220,461 kilograms (221 metric tons) of new cannabis is about 50% more than the […]

Canadian cannabis retailers to merge, focus on value-conscious consumers

Published January 18, 2021

Alcanna is spinning off its retail cannabis business and combining it with competing retailer YSS Corp. to create one of the largest networks of recreational marijuana stores in Canada, the companies announced Monday. The deal is the latest in a series of M&As in the cannabis retail space, driven by companies looking to differentiate themselves […]

More layoffs at Aurora Cannabis following Great North deal

Published January 18, 2021

Aurora Cannabis laid off sales staff after choosing Great North Distributors to be its sales representative across the Canadian recreational marijuana retail environment. Aurora was unable to share the specific number of employees who will be displaced as a result of the deal. “We have informed the internal sales team of our agreement with Great […]

Cannabis CEOs, led by Aphria’s Irwin Simon, are among Canada’s top-paid execs despite losses

Published January 13, 2021 | By Matt Lamers

A number of executives in the cannabis industry are among the highest-compensated CEOs in Canada, according to a new analysis of 2019 pay by the Ottawa think tank Centre for Policy Alternatives. Executive compensation in the marijuana industry has attracted scrutiny of late as some of the largest producers have lost billions of dollars and […]

Aurora Cannabis co-founder Terry Booth tapped to be CEO of US-based Australis

Published January 5, 2021 | By Matt Lamers

Eleven months after stepping down as CEO of the Canadian marijuana giant he co-founded, former Aurora Cannabis chief executive Terry Booth said he plans to return to the marijuana industry to head up a U.S.-based cannabis investment firm that is an Aurora spinoff. Booth’s widely publicized exit from Aurora – and now his new job […]

Aurora Cannabis breach exposes personal data of former, current workers

Published January 4, 2021 | By Solomon Israel

A data breach at Aurora Cannabis has exposed the personal information of an unknown number of the Canadian company’s current and former employees, Marijuana Business Daily has learned. An email sent to a victim of the data breach cites a Dec. 25 “cybersecurity incident during which unauthorized parties accessed data in (Microsoft cloud software) SharePoint […]